Thursday, 2 August 2012

Nifty: Stocks Recommendations Today

Stocks and Nifty Tips

stock nifty tipsThe 30-share index, Sensex, opened on a weak note today with other Asian markets. The market sentiments turned bearish after the US Federal Reserve didn't announce the stimulus package to boost its economy.
Sensex opened at 17,199.67, which was down by 57.71 points. the broader share index, Nifty was trading at 5,221.90, down 18.60 points. 
The BSE Midcap Index also declined 0.02 percent although the BSE Smallcap Index climbed higher 0.05 percent.
The two wheeler leaders, Hero Motocorp declined more than 2% after the less than expected numbers for July.
Bajaj Auto also fell 0.5% today.
IDFC, Ambuja Cements, Reliance Infrastructure, Reliance Industries, SBI, PNB, Bank of Baroda, Hindalco, Sterlite, Tata Motors were trading under pressure today.
But the stocks which were drifting the market sentiments to positive notes were ICICI Bank, ITC, HUL and NTPC.

Stock Recommendations For Today:

The market is trending lower and the broader indices are flat at this hour. Sensex is trading at 17184, down 72 points from its previous close, and Nifty is at 5217, down 23 points. CNX Midcap index is down 0.03% and BSE Smallcap index is up 0.1%. The market breadth is positive with advances at 650 against declines of 620 on the NSE.

Buy 3i Infotech with a target of Rs 12 and stop loss of Rs 10.25, says Prakash Gaba, technical analyst, on Zee Business. The stock is currently trading at Rs 11, up 1.8% on the BSE.   

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